Barclays raises target for Eni stock from EUR 30.50 to EUR 32.00

Published on 10/06/2026 at 10:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eni posted EUR 8.9 billion adjusted EBIT in the first half of 2026. Eni stock costs EUR 24.41 on October 6, 2026 after EUR 24.37.

Aquarellbild der Skyline von Rom mit modernem Bürogebäude im Vordergrund — Aquarellmalerei zeigt die Skyline von Rom mit Bürohochhaus, Sitz von Eni S.p.A., ISIN IT0003132476, Illustration mit AI erstellt.

Barclays raised its Eni price target from EUR 30.50 to EUR 32.00 on October 5, 2026, while keeping its Overweight rating, as Markets Insider reported. Eni stock was trading at EUR 24.41 at Lang & Schwarz on October 6, 2026 at 10:07 a.m. CEST, plus 0.16 percent versus the prior close of EUR 24.37.

Barclays lifts the valuation bar

The new Barclays target stands 31.09 percent above the Lang & Schwarz price. The change matters because it combines a higher valuation with an unchanged Overweight view, rather than a simple rating switch.

Barclays also raised its 2026 earnings per share estimate for Eni to EUR 2.96, up 14.00 percent from its previous forecast, according to Milano Finanza on October 5, 2026. The same report put the 2027 estimate at EUR 3.63, 34.00 percent above the earlier forecast.

First-half figures support the case

Eni reported EUR 8.9 billion of pro forma adjusted EBIT and EUR 3.6 billion of adjusted net profit for the first half of 2026. Organic capital expenditure was EUR 3.7 billion, while cash flow from operations before working-capital changes reached EUR 7.3 billion, according to Eni.

Hydrocarbon production averaged 1.8 million barrels of oil equivalent per day in the first half of 2026. Pro forma gearing before lease liabilities was 10.00 percent, giving the valuation argument a balance-sheet measure alongside the earnings estimates.

Results date sets the next test

Eni's next scheduled reporting event is its third-quarter 2026 results announcement on October 23, 2026, according to the company's investor calendar. The first-half figures and the planned date leave the October report as the next check on whether refining, gas and upstream operations can support the higher analyst estimate.

At Lang & Schwarz, Eni stock was trading at EUR 24.41 on October 6, 2026 at 10:07 a.m. CEST, plus 0.16 percent versus the prior close of EUR 24.37. The further course of trading is shown by the continuously updated real-time quote of Eni stock.